NEW YORK — Greater efficiency allowed Coldwater Creek Inc. to convert modest sales growth into major bottom-line gains in the third quarter.

For the three months ended Nov. 2, the Sandpoint, Idaho-based multichannel retailer more than tripled its net income, boasting a 262.7 percent increase in profits to $5.7 million, or 54 cents a diluted share. That compares with last year when the firm recorded earnings of $1.6 million, or 15 cents. Earnings per share shattered the Wall Street estimate by 39 cents.

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